Latvia will not be able to meet all recommendations of the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) in due time, said Ilze Znotina, the head of the Latvian Office for Prevention of Laundering of Proceeds Derived from Criminal Activity (also called the Control Service), citing LETA.

The Baltic Culture Fund that was put in operation at the beginning of the year will be accepting applications for grants until May 20, as the State Culture Capital Foundation's representative Jana Verdina told LETA.

The growth in corporate equity slowed over the first three quarters of 2018. The yearly growth in equity was around 4% by the end of the third quarter, which is a little below the growth in corporate debt.

A new chief executive officer of RB Rail, a Baltic joint venture that coordinates the implementation of the European standard-gauge Rail Baltic railway project, is likely to be named in February at the latest, chairman of the company's supervisory board Karolis Sankovski said LETA/BNS.

EU economy’s future: slow but positive growthGrowth in all EU states will continue in 2019-20, though at a slower pace than before. The largest EU’s economies will grow at around 1,5-1,7%, mostly in Poland, Spain and Holland. The Baltic States’ growth will continue to be on the positive trend.